Post RBI Credit policy big moves confirmations from levels
Intra Day Chart Analysis & Market Outlook
(01-08-2017)
Nifty-Intra Day Chart (31-Jul-2017):-
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1- Consolidation between 10023-10039
2- Selling patterns formation between 10047-10062
3- Up moves in last hour
4- Whole day actual trading between 10017-10085
Conclusions from intra day chart analysis
Although closing near the higher levels of the day after first 3 hours consolidation but selling patterns formation also developed during Mid session therefore complete fresh consolidation is firstly required for decisive up moves because resistances are also lying between 10067-10114.
Tomorrow will be preparation day for post RBI Credit policy(on 2nd Aug) big moves and that will be done within crucial levels(9945-10114) and firstly valid break out of these levels should be watched for post RBI Credit policy big moves confirmations.