Break out of Levels will confirm next Trend
Intra Day Chart Analysis & Market Outlook
(18-07-2017)
Nifty-Intra Day Chart (17-Jul-2017):-
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| Just click on chart for its enlarged view |
1- Selling between 9914-9920
2- Up moves in Bearish Rising Channel
3- Intraday corrections
4- Whole day actual trading between 9895-9928
Conclusions from intra day chart analysis
Although today closing at life time highest levels after whole day positive zone trading but some selling was also seen therefore fresh consolidation is firstly required for decisive up moves above today highest. As some consolidation was also today therefore expected that Nifty will firstly trade and prepare for next decisive moves within and near about today trading range and its valid break out will confirm next trend which should be firstly watched tomorrow.