Correction continuation
Intra Day Chart Analysis & Market
Outlook(08-11-2017)
Nifty-Intra Day Chart (07-Nov-2017):-
 |
| Just click on chart for its enlarged view |
1- Higher levels selling
2- Selling between 10397-10443
3- Double bottom supports at lower levels
4- Whole day actual trading between 10340-10485
Conclusions from intra day chart analysis
Although new life tile high formations but intraday charts were showing selling patterns also therefore we were cautious and updated levels(10413-10461 ) for next big moves confirmations in all the 3 previous outlook and Nifty slipped much below 10413 at 10350.15 today.
As higher levels good selling therefore today started correction continuation will be considered but minor Pull Back Rally above today lowest can not be ruled out because last hour trading with Double bottom supports at lower levels and very short term indicators indicators have turned oversold after whole day down moves today.