Firstly Watch Levels for next big trend confirmations
Intra Day Chart Analysis & Market Outlook
(10-07-2017)
Nifty-Intra Day Chart (07-Jul-2017):-
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| Just click on chart for its enlarged view |
1- Selling between 9655-9665
2- Consolidation between 9652-9662
3- Up moves in Bearish Rising Channels
4- Intraday corrections in last hour
5- Whole day actual trading between 9643-9684
Conclusions from intra day chart analysis
As both consolidation and intraday selling patterns formations therefore last Friday trading will be understood with Mixed patterns formations and valid break out of last Friday range should be firstly watched for next decisive moves beginning confirmations. Previous 30 sessions trading between 9550-9700 with higher levels selling and lower levels consolidation within this range therefore Nifty will have to prepare for next big moves within this range and finally sustaining beyond this range will confirm next big trend which should be firstly watched in next week.