Signals of correction beginning
Intra Day Chart Analysis & Market Outlook
(09-04-2018)
Nifty-Intra Day Chart (08-Apr-2018):-
 |
| Just click on chart for its enlarged view |
1- Mixed Patterns formation between 10291-10331
2- Whole day actual trading between 10291-10350
Conclusions from intra day chart analysis
As most time trading with Mixed Patterns formation therefore technically Nifty has to prepare for next decisive moves within and near about last Friday range but Short Term indicators have turned overbought therefore signals of correction beginning also.
US markets tumbled more than 2% last Friday and if such weakness develops in Asian markets also tomorrow morning then nifty will correct that Pull Back rally which begun from 9951.90 on 23-03-2018 and will test following supports:-
1- Supports between 10228-10285
2- Supports between 10115-10150
3- Supports between 9952-10015(Last supports of on going Pull Back rally)