Emergence of correction continuation signal
Intra Day Chart Analysis & Market Outlook
(20-09-2016)
Nifty-Intra Day Chart (19-Sep-2016):-
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| Just click on chart for its enlarged view |
1- Selling patterns formation between 8806-8824
2- Whole day actual trading between 8775-8824
Conclusions from intra day chart analysis
Although almost whole day positive zone trading and 0.33% positive closing also but intraday charts are showing only selling patterns formation therefore view will be cautious because it is emergence of correction continuation signal below day's lowest(8775) despite strong moves in US and European markets today.