Signals of Down Moves Beginning
Intra Day Chart Analysis & Market Outlook
(26-10-2016)
Nifty-Intra Day Chart (25-Oct-2016):-
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1- Sharp down immediately after positive opening
2- Support between 8664-8678
3- Selling patterns formation in last 4 hours between 8682-8700
4- Whole day actual trading between 8664-8716
Conclusions from intra day chart analysis
Firstly sharp down immediately after positive opening and lower levels some supports also but clear selling patterns formation in last 4 hours therefore signals of some down moves below Day's lowest(8664). As some supports at lower levels of the day therefore fresh follow up selling tomorrow will mean decisive down moves towards and below 8477.