Firstly Watch trading Range for Next Trend confirmations
Intra Day Chart Analysis & Market Outlook
(13-06-2017)
Nifty-Intra Day Chart (12-Jun-2017):-
 |
| Just click on chart for its enlarged view |
1- Selling between 9630-9640
2- Selling between 9627-9634
3- Up moves in Bearish Rising Channel
4- Whole day Down moves in Bullish Falling Channel
5- Whole day actual trading between 9599-9647
Conclusions from intra day chart analysis
As most Asian markets were trading in Red therefore weaker opening of Indian markets and slipping also after sufficient selling patterns formations but Whole day Down moves in Bullish Falling Channel hence today trading will be understood with Mixed patterns formations.
Following lines were told at 08:25 AM today in "Pre-open Outlook(12-06-2017)":-
Last 9 sessions sideways trading between 9586-9686 and finally sustaining beyond this range will generate next trend.
Expected that Nifty will trade and prepare for next trend within last 10 sessions sideways range(9586-9686) and sustaining it beyond should be firstly watched for its confirmations.