As busy therefore Stock Market Outlook of today(29-12-2017) is not being updated.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Levels will confirm next Trend
Intra Day Chart Analysis & Market Outlook
(28-12-2017)
Nifty-Intra Day Chart (27-Dec-2017):-
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1- More than 5 hours selling between 10532-10552
2- Sharp fall in last hours
3- Whole day actual trading between 10470-10552
Conclusions from intra day chart analysis
Following lines were told yesterday in "Finally on going rally continuation":-
1- finally on going rally continuation is expected
2- intraday volatility and Very Short term correction can not be ruled
3- until Nifty will not sustain below today lowest(10478) after complete follow up selling till then decisive down moves will not be seen.
Alrhough firstly rally continuation but more than 5 hours higher levels selling between 10532-10552 therefore sharp fall in last hours and closing near the lower levels of the day.
Last 2 sessions trading between 10470-10552 with good consolidation between 10478-10506 on 26-12-2017 and equally good selling between 10532-10552 on 27-12-2017 therefore firstly Nifty has to trade and prepare for next decisive moves between 10470-10552 and finally sustaining beyond this range will confirm trend.
As Short term indicators have turned over bought and higher levels good selling also on 27-12-2017 therefore Short term correction beginning may be seen any day and firstly sustaining below 10470 should be watched for confirmations.
Finally on going rally continuation
Intra Day Chart Analysis & Market Outlook
(27-12-2017)
Nifty-Intra Day Chart (26-Dec-2017):-
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1- Consolidation between 10478-10506
2- Sharp up in last half hour
3- Whole day actual trading between 10478-10545
Conclusions from intra day chart analysis
Following lines were told on 21-12-2017 in "Follow up consolidation will mean fresh rally above 10500":-
1- up moves are expected tomorrow
2- fresh rally above 10500 in the coming week
As was told 100% same happened and up moves were seen on 22-12-2017 and fresh rally above 10500 was also seen today.
As follow up consolidation last Friday and more than 5 hours between 10478-10506 today also therefore finally on going rally continuation is expected in the coming sessions. Very Short term indicators have turned over bought therefore intraday volatility and Very Short term correction can not be ruled but until Nifty will not sustain below today lowest(10478) after complete follow up selling till then decisive down moves will not be seen.
Follow up consolidation will mean fresh rally above 10500
Intra Day Chart Analysis & Market Outlook
(22-12-2017)
Nifty-Intra Day Chart (21-Dec-2017):-
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1- Down moves in Bullish Falling Channel
2- Consolidation Patterns formation between 10427-10458
3- Whole day actual trading between 10427-10473
Conclusions from intra day chart analysis
Following lines were told on 19-12-2017 in "Rally after Very Short Term correction":-
1- view will remin Bullish
2- Very Short Term correction can not be ruled out in the coming sessions
Very Short Term correction was seen in both previous sessions and today closing also near the lower levels of the day but whole day today trading was with consolidation Patterns formation therefore up moves are expected tomorrow. As some selling between 10490-10485 on 20-12-2017 therefore follow up consolidation tomorrow will mean fresh rally above 10500 in the coming week.
Rally after Very Short Term correction
Intra Day Chart Analysis & Market Outlook
(20-12-2017)
Nifty-Intra Day Chart (19-Dec-2017):-
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1- Consolidation between 10406-10429
2- Up moves in last hours
3- Whole day actual trading between 10406-10472
Conclusions from intra day chart analysis
Firstly more than 4 hours consolidation between 10406-10429 and after that last hours up moves and closing near the lower levels of the day as well as no selling patterns formations today therefore view will remin Bullish.
As Very Short indicators have turned overbought therefore Very Short Term correction can not be ruled out in the coming sessions but until Nifty will not sustain below today lowest after fresh selling till then decisive down moves will not be seen because good lower levels consolidation today.
Strong rally after BJP victory in Gujarat Election
Intra Day Chart Analysis & Market Outlook
(18-12-2017)
Nifty-Intra Day Chart (15-Dec-2017):-
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1- Whole day all the down moves in Bullish Falling Channels
2- Whole day actual trading between 10320-10373
Conclusions from intra day chart analysis
Although huge gap up opening and closing near the lower levels of the day after continuous slipping but view will be Bullish because whole day all the down moves were in Bullish Falling Channels.
As there may be some uncertainity due to Gujarat assembly election results therefore some volatility can not be ruled out in first 3 hours but expected that finally strong rally will be seen after BJP victory(more than 130 seats) in Election.
Strong rally after honouring given Levels
Intra Day Chart Analysis & Market Outlook
(15-12-2017)
Nifty-Intra Day Chart (14-Dec-2017):-
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1- Consolidation between 10142-10186
2- Sharp up in last hour
3- Whole day actual trading between 10142-10276
Conclusions from intra day chart analysis
Following lines were told in previous 2 sessions outlooks:-
The Pull back rally which started from 10033 on 06-12-2017 fused today after gaining 296 points and its correction started but view will not be Bearish and expected that finally rally will remain continued after follow up consolidation in the next 1/2 sessions and Nifty may get supports near about following retracement levels:-
1- 38.2%- 10215
2- 50.0%- 10181
3- 61.8%- 10146
If finally Nifty sustains above today lowest(10169.85) tomorrow then strong rally will be seen in the next 2/3 sessions.
Nifty got support just below 61.8%(10146) at 10141.55 today and closed above yesterday lowest(10169.85) as well as strong rally was seen in last hour today. As market honoured above given levels therefore same following conclusive view which was updated yesterday in "Level will confirm strong rally":-
Strong rally will be seen in the next 2/3 sessions.
Level will confirm strong rally
Intra Day Chart Analysis & Market Outlook
(14-12-2017)
Nifty-Intra Day Chart (13-Dec-2017):-
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1- Mixed Patterns formation between 10214-10245
2- Mixed Patterns formation between 10275-10296
3- Mixed Patterns formation between 10170-10218
4- Whole day actual trading between 10170-10296
Conclusions from intra day chart analysis
As high intraday volatility with whole day Mixed Patterns formation therefore no conclusion can be formed only from today patterns formations.
Following lines were told yesterday in "Firstly watch levels for today started correction completion" and being repeated for today conclusion also:-
he Pull back rally which started from 10033 on 06-12-2017 fused today after gaining 296 points and its correction started but view will not be Bearish and expected that finally rally will remain continued after follow up consolidation in the next 1/2 sessions and Nifty may get supports near about following retracement levels:-
1- 38.2%- 10215
2- 50.0%- 10181
3- 61.8%- 10146
If finally Nifty sustains above today lowest(10169.85) tomorrow then strong rally will be seen in the next 2/3 sessions.
Firstly watch levels for today started correction completion
Intra Day Chart Analysis & Market Outlook
(13-12-2017)
Nifty-Intra Day Chart (12-Dec-2017):-
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1- Selling between 10284-10300
2- Selling between 10256-10282
3- Whole day actual trading between 10231-10300
Conclusions from intra day chart analysis
Following lines were told yesterday in "Rally after follow up consolidation":-
1- Expected that rally will remain continued but
2- follow up consolidation is must
3- Very Short Correction also can not be ruled out
Very Short Correction was told and it was seen today and follow up consolidation could not develop as well as today closing was near the lower levels of the day after fresh selling.
The Pull back rally which started from 10033 on 06-12-2017 fused today after gaining 296 points and its correction started but view will not be Bearish and expected that finally rally will remain continued after follow up consolidation in the next 1/2 sessions and Nifty may get supports near about following retracement levels:-
1- 38.2%- 10215
2- 50.0%- 10181
3- 61.8%- 10146
Firstly above levels should be watched for today started correction completion.
Rally after follow up consolidation
Intra Day Chart Analysis & Market Outlook
(12-12-2017)
Nifty-Intra Day Chart (11-Dec-2017):-
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1- Mixed Patterns formation between 10309-10322
2- Consolidation between 10283-10301
3- Mixed Patterns formation between 10312-10329
4- Whole day actual trading between 10283-10329
Conclusions from intra day chart analysis
Rally is on and whole day positive zone today trading with lower levels consolidation but higher levels trading also with Mixed Patterns formation as well as following resistances above today highest therefore firstly Nifty has to consolidate for decisive up moves:-
1- 10340-10364
2- 10383-10402
3- 10440-10482
Expected that rally will remain continued but follow up consolidation is must and Very Short Correction also can not be ruled out because Very Short Term indicators have also turned overbought and above resistances are also lying.
Signals of correction completion
Intra Day Chart Analysis & Market Outlook
(08-12-2017)
Nifty-Intra Day Chart (07-Dec-2017):-
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1- Whole day up moves with intraday corrections
2- Whole day actual trading between 10062-10182
Conclusions from intra day chart analysis
Following lines were told on 03-12-2017 in "Firstly watch next big psychological level for the life of on going correction":-
Correction is on and its continuation is expected towards 10014 but slipping below 10000 also can not be ruled out if consolidation also develops near about it as well as sustaining beyond next big psychological level(10000) should be firstly watched in next week for the life of on going correction.
Correction continuation towards 10014 was told and Nifty bounced back on 07-12-2017 after correction lowest formations at 10033.35 on 06-12-2017 as well as whole day up moves with intraday corrections after positive opening therefore signals of correction completion.
As Very Short Term indicators have turned overbought after strong intraday rally on 07-12-2017 therefore next 1/2 sessions may remain sideways for cooling down of sentiment and follow up consolidation as well as once sustaining above today highest will mean rally continuation above life time highest after Intermediate Term correction completion.
Next levels will confirm next trend
Intra Day Chart Analysis & Market Outlook
(07-12-2017)
Nifty-Intra Day Chart (06-Dec-2017):-
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1- Selling between 100084-10104
2- Selling between 100052-10072
3- Whole day actual trading between 100034-10104
Conclusions from intra day chart analysis
As crashing like situation in most Asian markets therefore weaker opening was seen in Indian markets and intraday selling also developed resultant closing near the lower levels of the day.
Only selling and no consolidation therefore following same view qhich was updated on 03-12-2017 in "Firstly watch next big psychological level for the life of on going correction":-
Correction is on and its continuation is expected towards 10014 but slipping below 10000 also can not be ruled out if consolidation also develops near about it as well as sustaining beyond next big psychological level(10000) should be firstly watched in next week for the life of on going correction.
Pre-open Outlook(06-12-2017)
Although good intraday consolidation yesterday but crashing like situation in most Asian markets therefore weaker opening will be seen in Indian markets. As more than 3 hours consolidation between 10070-10095 yesterday therefore this range will be immediate support of Nifty and firstly valid break out yesterday lowest should be watched today for the life of on going correction.
Firstly watch level for the life of on going correction
Intra Day Chart Analysis & Market Outlook
(06-12-2017)
Nifty-Intra Day Chart (05-Dec-2017):-
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| Just click on chart for its enlarged view |
1- Consolidation between 10070-10095
2- Down moves in Bullish Falling Channel
3- Whole day actual trading between 10070-10147
Conclusions from intra day chart analysis
As firstly lower levels consolidation and last hour down moves in Bullish Falling Channel after Mid sessions up moves therefore today trading will be understood with consolidation patterns formations and emergence of a Pull Back rally possibility as well as firstly valid break out today lowest should be watched in the coming sessions for the life of on going correction.
Correction Continuation
Intra Day Chart Analysis & Market Outlook
(05-12-2017)
Nifty-Intra Day Chart (04-Dec-2017):-
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1- Selling between 10143-10163
2- Selling between 10123-10141
3- Whole day actual trading between 10096-10163
Conclusions from intra day chart analysis
Following lines were told yesterday in "Firstly watch next big psychological level for the life of on going correction":-
1- Bullish Falling Wedge formations in last Hour is indicating some up moves in the beginning of next week
2- but will not be able to sustain above day's highest(10269) because good selling between 10205-10269 last Friday.
As was told 100% same happened and Nifty traded most of the time in positive zone and closed also in Green as well as could not move even above 10205.
As sufficiently good selling today therefore expected that Nifty will slip below today lowest(10095.70) and Correction continuation will remain continued towards 10014.
Firstly watch next big psychological level for the life of on going correction
Intra Day Chart Analysis & Market Outlook
(04-12-2017)
Nifty-Intra Day Chart (01-Dec-2017):-
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1- Selling between 10236-10269
2- Selling between 10205-10232
3- Bullish Falling Wedge formations in last Hour
4- Whole day actual trading between 10109-10269
Conclusions from intra day chart analysis
As correction is on therefore firstly selling after Green opening and follow up selling also during Mid Session resultant whole day slipping and closing near the lower levels of the day. Bullish Falling Wedge formations in last Hour is indicating some up moves in the beginning of next week but will not be able to sustain above day's highest(10269) because good selling between 10205-10269 last Friday.
Correction is on and its continuation is expected towards 10014 but slipping below 10000 also can not be ruled out if consolidation also develops near about it as well as sustaining beyond next big psychological level(10000) should be firstly watched in next week for the life of on going correction.
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