Firstly watch 8180 for on going correction continuation/completion confirmation
Intra Day Chart Analysis & Market Outlook
(15-11-2016)
Nifty-Intra Day Chart (11-Nov-2016):-
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| Just click on chart for its enlarged view |
1- Selling between 8354-8415
2- Whole day actual trading between 8285-8460
Conclusions from intra day chart analysis
As all the Asian markets were trading weak therefore 68 points gap down opening and after that follow up selling therefore more down moves are expected in the beginning of next week. More than 4 hours consolidation was seen between 8180-8345 on 09-11-2016 and valid break down of this range should be firstly watched now for on going correction continuation/completion confirmation.