Very Short Term correction expectations towards next supports
Market Outlook(03-08-2017)
As whole day today market was on RBI Credit policy expectations and its announcements led last hour volatility also therefore analysis of today intraday Nifty chart is not being updated because technical positions reverses during such high sentimental led volatility.
Although last 2 sessions closing was near the higher levels of the day after strong recovery from lower levels but we were cautious because both previous sessions trading was with Mixed Patterns formations and we updated levels for next trend confirmations. As today intraday trading was also completely affected from RBI Credit policy expectations therefore firstly sustaining beyond today trading range(10055-10237) should be watched for next trend confirmations and with Very Short Term correction expectations towards following next supports:-
1- 10023-10039
2- 9980-9998