Watch Levels amid correction continuation expectations
Intra Day Chart Analysis & Market Outlook
(12-03-2018)
Nifty-Intra Day Chart (09-Mar-2018):-
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| Just click on chart for its enlarged view |
1- Selling between 10256-10288
2- Sharp fall in last hour
3- Whole day actual trading between 10212-10296
Conclusions from intra day chart analysis
As more than 4 hours selling therefore finally correction continuation is expected in next week.
SGX Nifty closed 136.50 points up after strong rally in US markets last Friday therefore strong opening can not be ruled out in Indian markets if as such US markets like strength remains in Asian markets also on Monday morning. As next resistances are lying between 10379-10441 also therefore expected that Nifty will not sustain above 10379.
Although expected that finally correction will remain continued below last Friday lowest but for precaution sustaining beyond 10441 should also be watched if Global markets remains extremely strong otherwise follow up selling in the beginning of next week will mean correction continuation towards and below 10000.