Next trend confirmations through levels
Intra Day Chart Analysis & Market Outlook
(10-02-2017)
Nifty-Intra Day Chart (09-Feb-2017):-
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1- Sharp 50 points up immediately after opening
2- Loosing 97 points in 2 hours
3- Slow up moves in last 4 hours in Broadening pattern
4- Whole day actual trading between 8724-8821
Conclusions from intra day chart analysis
Only whole day volatility with and as such no intraday technical position formations as well as most time trading within previous 3 sessions trading range therefore next trend confirmations will be through valid break out of last 4 sessions trading range(8715-8821) which should be firstly watched in the coming sessions