Firstly watch sustaining above 7845 for the Life and Length of on Going Pull Back Rally
Intra Day Charts Analysis & Market Outlook
(15-09-2015)
Nifty-Intra Day Chart (Sep 02 to Sep 14,2015):- |
| Just click on chart for its enlarged view |
1- Last 9 sessions trading between 7545-7845
2- Nifty faced resistance 4 times near 7845
3- Nifty closing above 9 sessions range at 7872 on 14-09-2015
Conclusions from 9 Sessions intra day chart analysis
Following lines were told yesterday in "Finally correction continuation towards 7104/6761"
As Pull back rally is on and no confirmation of its completion yet therefore its continuation possibility can not be ruled out in the beginning of next week
As was told 100% same happened and Pull back rally remained continued as well as Nifty closed 82.95 points up today.
Last 9 sessions trading between 7545-7845 and today closing is above this range today. As Nifty faced resistance 4 times near 7845 therefore firstly sustaining above 7845 should be watched in the coming sessions for the life and length of on going Pull Back rally.
Following lines were told yesterday in "Finally correction continuation towards 7104/6761" and being repeated for tomorrow market Outlook:-
next resistance are lying just above on going Pull back rally highest:-
1- 7865-7881
2- 7894-7926
3- 7929-7948(Gap Resistance)
Once failing to cross above resistances will mean on going Wave-C correction continuation towards and below the lowest of on going correction(7545.90). Expected that on going Pull back rally will fuse near about mentioned resistances and finally correction will remain continued towards 7104/6761.