Pull Back Rally possibility towards next resistances
Intra Day Chart Analysis & Market Outlook
(10-07-2019)
Nifty-Intra Day Chart (09-Jul-2019):- |
| Just click on chart for its enlarged view |
1- Whole day many Down moves in Bullish Falling Channels
2- Minor selling at higher level through Up moves in Bearish Rising Channel
3- Whole day actual trading between 11461-11582
Conclusions from intra day chart analysis
Although firstly slipping after negative opening but whole day good consolidation through many Down moves in Bullish Falling Channels therefore emergence of Pull Back Rally possibility towards following next resistances despite minor selling at higher level through Up moves in Bearish Rising Channel and all the Global markets are in negative zone today:-
1- 11607-11638
2- 11676-11702
3- 11798-11879
4- 11912-11981