Some Down Moves Expectations
Intra Day Chart Analysis & Market Outlook
(16-07-2015)
Nifty-Intra Day Chart (15-Jul-2015):- |
| Just click on chart for its enlarged view |
1- Sharp up in first 45 minutes
2- Most time trading between 8505-8531
3- Most time Up moves in Bearish Rising Channel
4- Whole day actual trading between 8465-8531
Conclusions from intra day chart analysis
Although most time positive zone trading with closing near the higher levels of the day but most time up moves were seen in Bearish Rising Channel within almost 6 hours sideways market between 8505-8531 therefore expected that some down moves will be seen and possibility of slipping below today lowest(8465) can not be ruled out.