Correction continuation towards next supports
Intra Day Chart Analysis & Market Outlook
(15-02-2018)
Nifty-Intra Day Chart (14-Feb-2018):-
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| Just click on chart for its enlarged view |
Technical Patterns formation in today intraday charts
1- More than 5 hours selling between 10524-10577
2- Sharp fall in last half hour
3- Whole day actual trading between 10457-10577
Conclusions from intra day chart analysis
Correction is very much on and its continuation will be seen towards following supports after fresh selling today:-
1- 10277-10372
2- 10140-10195
3- 10040-10175
Resistances above today closing are as follows:-
1- 10524-10577
2- 10589-10637
3- 10703-10736(gap resistance)
We started to tell for 5 Waves correction after Budget from 31-01-2018 and being seen since then. Detailed analysis of nature and depth of correcttion has already been updated in previous outlooks,just go through amid correction continuation expectations.