Correction continuation below today lowest
Intra Day Chart Analysis & Market Outlook
(09-02-2018)
Nifty-Intra Day Chart (08-Feb-2018):-
 |
| Just click on chart for its enlarged view |
1- Up moves in Bearish Rising Channel
2- Selling between 10589-10637
3- Whole day actual trading between 10481-10637
Conclusions from intra day chart analysis
Following lines were told yesterday in "Firstly watch next resistances for the life of expected Pull Back rally":-
1- Pull Back rally is expected tomorrow
2- next resistances(gap) are betweeen 10703-10736
Pull Back rally was seen and Nifty closed 100 points up today but Up moves were in Bearish Rising Channel and selling also developed at higher levels therefore correction continuation is expected below today lowest after fresh selling today which was below yesterday mentioned resistances.