Firstly watch levels for next decisive moves
Intra Day Chart Analysis & Market Outlook
(24-07-2019)
Nifty-Intra Day Chart (23-Jul-2019):- |
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1- Mixed Patterns formation between 11340-11368
2- Minor consolidation at lower levels between 11317-11333
3- Slow up moves in Mid-session
4- Sharp fall in last hour
5- Whole day actual trading between 11303-11398
Conclusions from intra day chart analysis
As whole day good consolidation patterns formations yesterday therefore Pull Back rally possibility was told and it was seen also today but follow up fresh buying could not develop and selling was done through slow up moves in Mid-session therefore sharp fall in last hour and negative closing today.
As last 2 sessions trading between 11302-11398 with both consolidation and selling therefore finally sustaining beyond this range will form next decisive moves which should be firstly watched in the coming sessions.