Next trend confirmations from crucial levels
Intra Day Chart Analysis & Market Outlook
(04-01-2018)
Nifty-Intra Day Chart (03-Jan-2018):-
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| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channel
2- Up moves in Bearish Rising Channel
3- Last hour consolidation between 10430-10450
4- Whole day actual trading between 10430-10503
Conclusions from intra day chart analysis
Although today closing was near the lower levels of the day after whole day slipping from higher levels but completele selling patterns were not seen and consolidation with lower levels supports also developed therefore whole day today trading will be understood with Moxed patterns formations.
As lower levels some supports and higher levels strong resistances are lying between 10406-10552 therefore firstly Nifty has to trade and prepare for next decisive moves between this crucial range and finally sustaining beyond it will form next trend which should be watched in the coming sessions for confirmations.