Levels will confirm next trend
Intra Day Chart Analysis & Market Outlook
(12-06-2019)
Nifty-Intra Day Chart (11-Jun-2019):- |
| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling ChannelS
2- Slow up moves in Mid-Session
3- Selling between 11968-12000
4- Whole day actual trading between 11905-12000
Conclusions from intra day chart analysis
Following lines were told yesterday in "Firstly watch levels for next decisive moves confirmations":-
1- 11808-11910 will be immediate supports of Nifty and until Nifty will not sustain below 11808 till then decisive down moves will not be seen.
2- higher levels selling was also seen below 11975
3- Nifty has to trade and prepare for next decisive moves within 11808-11975 and firstly sustaining beyond this range should be watched in the coming sessions for next decisive moves confirmations.
Although firstly lower levels consolidation but higher levels good selling was also seen therefore today trading will be understood with Mixed Patterns formation and same view with little change of levels that finally sustaining beyond 11808-11200 will confirm next trend which should be firstly watched in the coming sessions.