Firstly watch Level for the life of on going correction
Intra Day Chart Analysis & Market Outlook
(03-01-2018)
Nifty-Intra Day Chart (02-Jan-2018):-
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| Just click on chart for its enlarged view |
1- Slipping in first hour after positive opening.
2- Down moves in Bullish Falling Channels
3- Whole day actual trading between 10405-10493
Conclusions from intra day chart analysis
Following lines were told yesterday in "Correction continuation expectations towards next supports":-
1- next supports below 10427 are up to 10406
2- firstly sustaining beyond 10406 should be watched for on going correction continuation
Next supports were told up to 10406 and Nifty got support at 10404.65 before closing at 10442.20 today. As some consolidation was also seen through Down moves in Bullish Falling Channels today therefore firstly sustaining beyond 10406 should be watched in the coming sessions for the life of on going correction.