Firstly watch supports and resistances for the life of on going correction
Intra Day Chart Analysis & Market Outlook
(15-03-2018)
Nifty-Intra Day Chart (14-Mar-2018):- |
| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channels
2- Sharp up moves in last hour
3- Whole day actual trading between 10337-10420
Conclusions from intra day chart analysis
Although corection continuation through whole day negative zone trading but intraday consolidation patterns formations also through Down moves in Bullish Falling Channels and today closing near the higher levels of the day therefore signals of some up moves towards following resistances:-
1- 10446-10478
2- 10480-10520
3- 10548-10587
Next supports of Nifty are as follows:-
1- 10314-10341
2- 10150-10205
As last 1 month US markets led violent volatility in all the Global markets therefore firstly watch above mentioned supports and resistances for the life of on going correction and firstly sustaining beyond 10314-10478 should be watched for its 1st signal.