8308-8338 will confirm next Big Moves
Intra Day Chart Analysis & Market Outlook
(10-05-2017)
Nifty-Intra Day Chart (09-May-2017):- |
| Just click on chart for its enlarged view |
1- Consolidation between 8308-8321
2- Consolidation between 8310-8320
3- Selling between 8330-8338
4- Selling between 8324-8330
5- Selling between 8323-8330
6- Whole day actual trading between 8308-8338
Conclusions from intra day chart analysis
Following lines were told yesterday in "Intra Day Chart Analysis & Market Outlook(09-05-2017)":-
Firstly lower levels supports but after that most time sideways trading with Mixed Patterns formations therefore on going correction continuation/completion will get confirmation from valid break out today trading range(9298-9338) which should be firstly watched in the coming sessions.
As again whole day narrow range today trading with higher levels selling and lower levels consolidation means Mixed Patterns today and:-
1- Today whole day 30 points trading within yesterday trading range
2- Today closing within yesterday trading range at 8316.85
As last 2 sessions trading within 8308-8338 with Mixed Patterns formations and its valid break out will give first strong signal of next big moves which should be watched in the coming sessions for confirmations.