Firstly Watch levels for the life of on going correction
Intra Day Chart Analysis & Market Outlook
(12-04-2017)
Nifty-Intra Day Chart (11-Apr-2017):-
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1- Strong recovery from lower levels
2- Mixed Patterns between 9217-9242
3- Whole day actual trading between 9173-9242
Conclusions from intra day chart analysis
Although all the Asian markets were trading weak but Indian markets out performed and opened flat as well as strongly recovered from lower levels. As last more than 5 hours trading with Mixed Patterns formations between 9217-9242 which was within next resistances between 9226-9250 therefore valid break out of 9217-9250 should be firstly watched tomorrow for strong signal of correction completion above 9250 and correction continuation below 9217.