As busy therefore Stock Market Outlook of today(01-12-2017) is not being updated.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Today started correction continuation towards and below next supports
Intra Day Chart Analysis & Market Outlook
(30-11-2017)
Nifty-Intra Day Chart (29-Nov-2017):-
 |
| Just click on chart for its enlarged view |
1- Selling between 10372-10392
2- Whole day actual trading between 10346-10392
Conclusions from intra day chart analysis
Selling was seen yesterday and follow up selling was seen today also therefore same following view which was updated yesterday in "Down Moves towards next supports":-
down moves are expected towards following next supports:-
1- 10310-10338
2- 10268-10282
As follow up selling today therefore today started correction continuation will be seen towards and below above mentioned supports.
Down Moves towards next supports
Intra Day Chart Analysis & Market Outlook
(29-11-2017)
Nifty-Intra Day Chart (28-Nov-2017):-
1- Selling between 10388-10409
2- Sharp fall
3- Last hours selling Patterns formation between 10356-10377
4- Whole day actual trading between 10356-10409
Conclusions from intra day chart analysis
Following lines were told yesterday in "Rally continuation after follow up consolidation":-
rally continuation is expected but follow up consolidation is must
As all the Asian markets were weak therefore firstly weaker opening and fresh selling was seen in place of follow up consolidation resultant sharp fall during Mid session. In last hours selling Patterns formation therefore down moves are expected towards following next supports:-
1- 10310-10338
2- 10268-10282
Rally continuation after follow up consolidation
Intra Day Chart Analysis & Market Outlook
(28-11-2017)
Nifty-Intra Day Chart (27-Nov-2017):-
 |
| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channel
2- Up moves were intraday corrections
3- Whole day actual trading between 10341-10407
Conclusions from intra day chart analysis
Sentiment was much depressed today morning due to following negative developments:-
1- All the Asian markets were trading in Red and some were more 0.75% down.
2- SGX Nifty was more than 40 points weak
3- Negative news of S&P keeping India rating unchanged.
When above dampening developments was today morning then we told following lines today at 08:04 AM in "Firstly Watch Levels after negative developments today morning":-
1- firstly sustaining beyond 10377 should be watched in the coming sessions
2- view will be cautious not Bearish
As good intraday consolidation today therefore today started rally continuation is expected but follow up consolidation is must because following resistances above today highest and Vert Short Term indicators have turned overbought after strong recovery from lower levels today.
1- 10428-10454
2- 10465-10483(Last resistance)
Firstly Watch Levels after negative developments today morning
Pre-open Outlook(27-11-2017)
As all the Asian markets are trading in Red today morning and S&P keeps India rating unchanged as well as this decision came after the closure of Indian markets trading hours last Friday therefore Indian markets will react these 2 negative developments through negative opening.
Nifty traded first 4 sessions of previous week between 10232-10377 and this range was broken out last Friday but weaker opening will be seen today due to above mentioned negative developments therefore firstly sustaining beyond 10377 should be watched in the coming sessions because good intraday consolidation last Friday and view will be cautious not Bearish.
Follow up consolidation will mean fresh rally above life time highest
Intra Day Chart Analysis & Market Outlook
(27-11-2017)
Nifty-Intra Day Chart (24-Nov-2017):-
 |
| Just click on chart for its enlarged view |
1- Consolidation between 10377-10393
2- Last hours Down moves in Bullish Falling Channel
3- Whole day actual trading between 10363-10404
Conclusions from intra day chart analysis
Following conclusive lines were told on 19-11-2017 in "Next trend confirmations from levels":-
Expected that Nifty will firstly prepare for next trend between 10232-10377 in the coming week and finally sustaining beyond this range will confirm the life of on going correcttion which should be watched for next trend confirmations.
Nifty traded first 4 sessions between 10232-10377 and finally closed above it after whole day good intraday consolidation on 24-11-2017 therefore strong signals of rally continuation towards following next resistances:-
1- 10428-10454
2- 10465-10483(Last resistance)
As above resistances therefore follow up consolidation in the beginning of next week will mean rally continuation towards and above life time highest(10490.45) and it is expected also.
Watch Levels for next big moves
Intra Day Chart Analysis & Market Outlook
(24-11-2017)
Nifty-Intra Day Chart (23-Nov-2017):-
 |
| Just click on chart for its enlarged view |
1- Up moves with intraday correction
2- Up moves in Bearish Rising Channel
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 10308-10374
Conclusions from intra day chart analysis
As whole day volatile market with both consolidation and selling patterns formations therefore no final view can be formed only from today intraday patterns formations. Most time selling patterns formations yesterday and most time consolidation patterns formation today means that no one sided technical positions formations in last 2 sessions.
Following conclusive lines were told on 19-11-2017 in "Next trend confirmations from levels":-
Expected that Nifty will firstly prepare for next trend between 10232-10377 in the coming week and finally sustaining beyond this range will confirm the life of on going correcttion which should be watched for next trend confirmations.
Above lines and levels were repeated in all the previous Outlooks of this week and Nifty traded within 10232-10377 which means that Nifty is preparing for next big moves and finally sustaining beyond this range should be watched in the coming sessions.
Mid-session Outlook(23-11-2017)
As whole day selling patterns formations therefore firstly down moves expectations was told and it was seen also through negative zone trading in first 15 minutes but follow up selling is not being seen and some consolidation patterns formations also developed today therefore finally sustaining beyond 10262-10377 should be watched for next trend confirmations because strong supports and equally strong resistances are lying within this range.
Down Moves expectations
Intra Day Chart Analysis & Market Outlook
(23-11-2017)
Nifty-Intra Day Chart (22-Nov-2017):-
 |
| Just click on chart for its enlarged view |
1- Sharp down after positive opening
1- Up moves in Bearish Rising Channel
3- Whole day actual trading between 10310-10368
Conclusions from intra day chart analysis
Although Green closing after most time positive zone trading but whole day selling patterns formations therefore firstly down moves are expected and finally sustaining below 10262 will mean deeper correcttion.
Levels will confirm next trend and life of on going correction
Intra Day Chart Analysis & Market Outlook
(22-11-2017)
Nifty-Intra Day Chart (21-Nov-2017):-
 |
| Just click on chart for its enlarged view |
1- Selling between 10344-10358
2- Whole day actual trading between 10316-10358
Conclusions from intra day chart analysis
As all the Asian markets were trading with good gains therefore firstly strong opening and green closing after whole day positive zone trading but higher levels good selling therefore fast down in last hour and closing near the lower levels of the dayT 10326.90.
Following lines were told yesterday in "Levels will confirm life of on going correction":-
As strong supports and equally strong resistances are lying between 10262-10377 therefore firstly Nifty has to trade and prepare for next trend within this range in the coming sessions and finally sustaining beyond this range will confirm next trend as well as life of on going correction.
Same above mentioned view for tomorrow because today whole day trading and closing was within mentioned trading range(10262-10377) and lower levels supports are still lying after higher levels today selling.
Levels will confirm life of on going correction
Intra Day Chart Analysis & Market Outlook
(21-11-2017)
Nifty-Intra Day Chart (20-Nov-2017):-
 |
| Just click on chart for its enlarged view |
1- 5 Hours consolidation between 10264-10290
2- Whole day actual trading between 10262-10309
Conclusions from intra day chart analysis
Following lines were told yesterday in "Next trend confirmations from levels":-
1- Selling between 10310-10343
2- Previous resistances were between 10346-10377
3- Nifty will firstly prepare for next trend between 10232-10377 in the coming week
Selling was told above 10310 and Nifty could not move above it as well as whole day traded below it with today highest formations just below it at 10309.85.
Although next strong resistances are between 10310-10343 but 5 hours consolidation between 10264-10290 therefore this range will be immediate strong support and until complete fresh selling will not develop till then Nifty will not easily sustain below 10264
As strong supports and equally strong resistances are lying between 10262-10377 therefore firstly Nifty has to trade and prepare for next trend within this range in the coming sessions and finally sustaining beyond this range will confirm next trend as well as life of on going correction.
Next trend confirmations from levels
Intra Day Chart Analysis & Market Outlook
(20-11-2017)
Nifty-Intra Day Chart (17-Nov-2017):-
 |
| Just click on chart for its enlarged view |
1- Selling between 10310-10343
2- Down moves in last hours
3- Whole day actual trading between 10269-10343
Conclusions from intra day chart analysis
India's highest credit rating in decades and most Asian markets were trading with good gains therefore strong gap up opening last Friday but firstly more than 4 hours selling resultant slipping in last hours and closing near the lower levels of the day.
Previous resistances were between 10346-10377 and good selling was seen just below it between 10310-10343 last Friday therefore until Nifty will not sustain above 10377 after complete fresh consolidation till then decisive up moves will not be seen and on going correction will not be considered.
Expected that Nifty will firstly prepare for next trend between 10232-10377 in the coming week and finally sustaining beyond this range will confirm the life of on going correcttion which should be watched for next trend confirmations.
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):-
 |
| 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):-
 |
| 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):-
 |
| 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):-
 |
| 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)
 |
| Just click on chart for its enlarged view |
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):-
 |
| 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.
Subscribe to:
Posts (Atom)