Firstly Watch sustaining beyond 27 sessions trading range for Next big moves confirmations
Intra Day Chart Analysis & Market Outlook
(25-04-2017)
Nifty-Intra Day Chart (24-Apr-2017):-
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| Just click on chart for its enlarged view |
1- Positive opening after Dow's Futures trading more than 130 points up.
2- Whole day up moves after French news led Dow's Futures gaining 200 points and all European markets gaining 2% to more than 4%.
3- Whole day actual trading between 9131-9225
Conclusions from intra day chart analysis
As following news since today morning therefore whole day up moves after positive opening today:-
1- French stocks head for 9-year high after Macron win eases ‘Frexit’ fears
2- Dow industrials set to rocket up 200 points higher on relief over French vote
(Just click above topic links and go through whole news)
As whole day today up moves were due to global cues of easing ‘Frexit’ fears and as such no specific intraday trading pattern formations therefore firstly sustaining above previous 27 sessions trading range(9020-9274) highest is required because multiple resistances are lying above today highest and 9274.
Only Global cues led intraday up moves within previous 27 sessions trading range(9020-9274) today and finally sustaining it beyond should be watched in the coming sessions for next big moves because that will more than 27 sessions like big sideways market break out.