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Firstly watch levels for deeper  correction confirmations
Intra Day Chart Analysis & Market Outlook
(12-10-2017)

Nifty-Intra Day Chart (11-Oct-2017):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- 4 hours selling between 10048-10057
2- Sharp down moves in last hours
3- Whole day actual trading between 9956-10057

Conclusions from intra day chart analysis

Following lines were told in both the previous sessions outlooks:-

1- Short Term correction beginning expectations in the coming 1/2 sessions
2- emergence of Short Term correction beginning expectations
3- sustaining beyond 9960-10034 should be watched for next decisive moves confirmations.


Short Term correction was told and it was seen today through 101 points slipping from higher levels.

As 4 hours selling between 10048-10057 therefore it will be immediate resistance of Nifty and until Nifty will not sustain above 10057 after complete consolidation till then decisive up moves will not be seen and follow up selling  with sustaining below 9960 will mean emergence of deeper correction possibility which should be firstly watched in the coming seesions.
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